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Cloud Music's Gross Profit Slides in Q1","url":"https://stock-news.laohu8.com/highlight/detail?id=2535692841","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535692841?lang=en_us&edition=fundamental","pubTime":"2025-05-15 19:37","pubTimestamp":1747309032,"startTime":"0","endTime":"0","summary":"NetEase Cloud Music's  gross profit slipped to 682.6 million yuan in the first quarter from 770.5 million yuan in the prior-year period, according to preliminary data filed Thursday with the Hong Kong bourse.Net revenue fell 8.4% to 1.86 billion yuan in the first quarter from 2.03 billion yuan in the year-ago period.NetEase  is the controlling shareholder of Cloud Music.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0868486357.SGD","LU1951186391.HKD","LU0049853897.USD","LU0164880469.USD","LU2152927971.USD","IE0008368742.USD","LU0307460666.USD","LU1226287529.USD","LU1880383366.USD","LU2476274720.SGD","NTES","IE00B031HY20.USD","BK1104","LU1720050803.USD","LU0502904849.HKD","09899","BK1609","IE00B031J352.USD","IE00B29SXG58.USD","LU0048580855.USD","LU0039217434.USD","LU0501845795.SGD","LU0821914370.USD","LU1023057109.AUD","LU1880383440.USD","LU1734074674.USD","LU0231483743.USD","HK0000306701.USD","LU2242644610.SGD","LU0634319403.HKD","LU2399975544.HKD","LU1226287875.USD","LU0359202008.SGD","LU0540923850.HKD","BK1608","LU1188198961.HKD","LU0211977185.USD","LU0463099449.HKD","LU0149721374.USD","LU2257852520.SGD","SG9999003461.SGD","LU0455707207.USD","LU1807302812.USD","LU1226288253.USD","LU1328615791.USD","LU0561508036.HKD","LU0348827113.USD","09999","LU0594300419.USD","LU0456827905.SGD"],"gpt_icon":0},{"id":"2535352819","title":"NetEase Cloud Music Reports 8.4% Drop in Q1 2025 Revenues to RMB 1.9 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2535352819","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535352819?lang=en_us&edition=fundamental","pubTime":"2025-05-15 17:40","pubTimestamp":1747302016,"startTime":"0","endTime":"0","summary":"NetEase Cloud Music Inc. reported its financial results for the first quarter ended March 31, 2025. The company recorded net revenues of RMB1.9 billion , marking a decrease of 8.4% compared to the same quarter in 2024. This year-over-year decline was primarily attributed to reduced net revenues from its social entertainment services. The financial results presented are preliminary and based on management's initial assessment.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netease Cloud Music Inc. published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDL3cSpTD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09999","09899","NTES"],"gpt_icon":0},{"id":"2535894512","title":"NetEase Inc. Reports 7.4% Increase in Q1 2025 Net Revenues to RMB28.8 Billion, Driven by 12.1% Growth in Games Segment","url":"https://stock-news.laohu8.com/highlight/detail?id=2535894512","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535894512?lang=en_us&edition=fundamental","pubTime":"2025-05-15 16:30","pubTimestamp":1747297836,"startTime":"0","endTime":"0","summary":"NetEase, Inc. reported its unaudited financial results for the first quarter ended March 31, 2025. The company's net revenues reached RMB28.8 billion , marking a 7.4% increase compared to the same quarter in 2024. Revenues from games and related value-added services rose by 12.1% to RMB24.0 billion . However, Youdao's net revenues decreased by 6.7% to RMB1.3 billion , and NetEase Cloud Music saw an 8.4% decline in net revenues, totaling RMB1.9 billion . Net income attributable to shareholders was RMB10.3 billion , up from RMB7.6 billion in the same quarter of the previous year. Basic net income per share was US$0.45 , an improvement from US$0.33 per share  in the first quarter of 2024. Non-GAAP net income was RMB11.2 billion , compared to RMB8.5 billion in the same period last year. CEO William Ding highlighted the strong performance of their latest games and the ongoing success of long-standing franchises, attributing this to innovative content updates and gameplay enhancements. 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